Foreclosure Real Estate Auction – Commercial Building in Downtown McMinnville

Date: 01/25/2018

Time: 12:00PM CT

Location: 201 W Main Street | McMinnville, TN 37110

Office: Knoxville

Agent: Kenny Phillips or Phillip Hopper

- FORECLOSURE REAL ESTATE AUCTION -
THURSDAY, JANUARY 25TH AT 12:00PM CT
201 W Main Street | McMinnville, TN 37110
- Commercial Building Located in Downtown McMinnville -

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- 201 W Main Street -
McMinnville, TN 37110

This all brick 2-story office building is located on a corner lot in the quaint downtown district of McMinnville. This building is zoned C-1 and features over 5,000 SF of office space, currently divided into 3 suites. Great location with many uses for this building. One office suite is currently occupied.

- Property -
Characteristics

 - Warren County
- Corner lot with frontage on W Main Street and
N Chancery Street
- Suite 1 (occupied - main level) features large open front office area, (2) private offices, and separate men & women's restrooms
- Suite 2 (upstairs) features (8) offices, (2) utility rooms, reception/file room, and restroom
- Suite 3 (main level) features lobby/reception area, file room, utility room, open office space, and (2) restrooms
 

- Property -
Statisitics

- Approx. 5104 SF
- 6 parking spots
- Central Heat & Air
- Zoning: C-1
(Central Commercial District)
- Traffic Count: 5,749 (2015)
- Parcel/Tax ID: 068E L 004.00
- Tax Appraisal: $171,800.00
- Property Taxes: $2,780.75
(city & county taxes)
- Year Built: 1968
- Lot Size: 70 x 75 IRR
(approx. 0.12 acre)
TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other required documents immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales contract price. US currency cash or approved check. Sale is Subject to Trustee’s Approval. The balance is to be paid in full at the Trustee’s Deed Closing within 20 (TWENTY) days, unless otherwise specified. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Property to be transferred with a Trustee’s Deed ONLY. Walt Winchester to conduct closing. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for ALL current & delinquent property taxes, fees & any penalties. Buyer is responsible for ALL HOA fees, transfer fees, membership fees, if applicable. Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s). All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties or guarantees of any kind expressed or implied. Agent represents the seller only and does not inspect properties on bidder's behalf.  All measurements, square footage & age are approximate and not guaranteed. Seller and/or Agent(s) makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information to their satisfaction before bidding. Tennessee Property Exemption Notification and Lead-Based Paint Disclosure Inspection Waiver will be a part of the sales contract. Lead-Based Paint inspection starts January 15th, 2018.

Important Information